RSM Robson Rhodes LLP
News types: Investigations, Tribunals
Published: 3 October 2011
AADB PN 34
This announcement is made further to the announcement made on 5th September 2011 regarding the hearing of the Formal Complaint against RSM Robson Rhodes LLP and Mr Glyn Williams, a former audit partner at RSM Robson Rhodes, in relation to the audits of the accounts of iSoft Group plc and iSoft plc for the years ended 30th April 2003, 2004 and 2005. The Disciplinary Tribunal has decided and issued a direction that, in the interests of justice in the light of the potential prejudice to ongoing criminal proceedings, the hearing scheduled for 5 October will be held entirely in private.
The AADB wishes to point out that the matters referred to above do not in any way relate to iSoft Group Limited, a company registered in Australia, formerly known as IBA Health Limited, and which now trades as iSoft in the UK.
Notes to Editors
The AADB wishes to point out that the matters referred to above do not in any way relate to iSoft Group Limited, a company registered in Australia, formerly known as IBA Health Limited, and which now trades as iSoft in the UK.
Notes to Editors
- The Financial Reporting Council (FRC) is the UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment.
- The Accountancy and Actuarial Discipline Board ("AADB") is the independent, investigative and disciplinary body for accountants and actuaries in the UK. The AADB is responsible for operating and administering independent disciplinary schemes for these professions. The Accountancy Scheme covers Members of the following accountants' professional bodies:- the Association of Chartered Certified Accountants, the Chartered Institute of Management Accountants, the Chartered Institute of Public Finance and Accountancy, the Institute of Chartered Accountants in Ireland, the Institute of Chartered Accountants of Scotland and the Institute of Chartered Accountants in England and Wales. The Actuarial Scheme covers Members of the Faculty of Actuaries in Scotland and the Institute of Actuaries (collectively referred to as the Actuarial Profession).
- The focus of the AADB is on cases which raise important issues affecting the public interest; other disciplinary cases will continue to be dealt with by the relevant professional body. The purpose of an investigation is to determine whether there is evidence of misconduct on the part of Members or Member Firms of the professional bodies. An investigation does not always mean that an allegation has been made or that there is evidence of misconduct on the part of the Member or Member Firm involved.
- Disciplinary complaints filed following an AADB investigation are heard by an independent Tribunal which will normally sit in public. If the Tribunal upholds a complaint, there is a wide range of sanctions which it can impose including an unlimited fine, exclusion from membership of a professional body covered by one of the Schemes and withdrawal of practising certificates or licenses.
Document created under a former FRC operating body.